Chesapeake Granite Wash Trust

About Chesapeake Granite Wash Trust (adapted from Chesapeake Granite Wash Trust prospectus):
Chesapeake Granite Wash Trust is a Delaware statutory trust formed in June 2011 to own (a) royalty interests to be conveyed to the trust by Chesapeake in 60 horizontal wells producing from the Colony Granite Wash play located in Washita County in western Oklahoma, and (b) royalty interests in 122 horizontal development wells to be drilled exclusively in the Colony Granite Wash on properties within an "Area of Mutual Interest," or "AMI." The AMI is limited to only the Colony Granite Wash formation and is depicted by the area identified in the inside front cover of Chesapeake Granite Wash Trust's prospectus, where Chesapeake presently holds approximately 45,400 gross acres (28,700 net acres). The Colony Granite Wash is a formation encountered at depths between approximately 11,500 feet and 13,000 feet that lies between the top of the Des Moines formation and the top of the Prue formation.

This description is adapted from Chesapeake Granite Wash Trust prospectus. This description is not intended to be a recommendation to buy stock from this company. We do not claim that all of the statements above were researched and found to be true. We present them as a general description based on what the company has said about itself at the time that they submitted their prospectus for an IPO offering. To see the company's full description, view their prospectus..